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Category Archives for Structured Products
MAS Approach to Dealing with Sale of Structured Products
This evening, MAS isssued two statements with regards to the sale of structured products by financial institutions. MAS and Financial Institutions to Ensure Investor Complaints are Dealt With Quickly and Fairly MAS’ Approach in Dealing with Recent Developments Concerning the Sale of Structured Products Essentially, they have appointed three individuals to oversee the relevant FIs’ complaints […]
Is There Hope for Minibond Victims?
Many people have expressed their dispair or loss of hope at the way things are moving here in Singapore in resolving the Lehman Minibond issue. Letters to financial institutions have been received with non-committal replies. SM Goh Chok Tong, chairman of MAS, also made a statement (while he was in China) which on the surface […]
How to File a Dispute for Structured Product Victims
This post is for those who have purchased structured products like Minibond, Jubilee, DBS High Notes, etc. If you feel you have been mispresented or given inadequate advise and would have to seek compensation against the financial institution that sold you the products, you might want to refer to the following as a guide. There have […]
Jubilee Series 3 LinkEarner Notes
I have some bad news for Jubilee Series 3 LinkEarner Notes owners. I found this Q and A issued by Merrill Lynch on CIMB’s website. (They have subsequently removed the Q and A) Question 4 : What is the likely Credit Event Redemption Amount? The Credit Event Redemption Amount has not yet been finalized but wil […]
Minibond Victims Turn to MAS
Yesterday, a group of Minibond investors turned up at the National Library at 7pm to talk about their “Minibond woes” and discuss further action. As the meeting was arranged at a short notice, I had expected only a small group of investors to be at the meeting. Instead, I saw a big group of 100+ […]